1. Manufacturer Incentives: Car manufacturers often offer incentives such as rebates, discounts, or low-interest financing to boost sales. These incentives may vary depending on the car model, trim level, and region. Make sure to research the manufacturer's current incentives before visiting a dealership.
2. Dealership Discounts: Dealerships may offer their own discounts or incentives in addition to manufacturer incentives. These discounts can vary significantly between dealerships, so it's important to compare offers from multiple dealerships to get the best deal.
3. Time of Year: The time of year can also affect the discounts you can get. Dealerships are often more willing to offer discounts during slower sales periods, such as the end of the month or the end of the year.
4. Negotiation: Don't be afraid to negotiate with the dealership. Be prepared to walk away from a deal if you don't get the price you want. It's also a good idea to get quotes from multiple dealerships to give yourself more leverage during negotiations.
5. Trade-in Value: If you're trading in your old car, the trade-in value can also affect the overall discount you receive. Make sure to research the fair market value of your trade-in car and negotiate accordingly.
6. Seasonal Discounts: Some dealerships offer seasonal discounts, such as holiday sales or summer sales. Keep an eye out for these special promotions.
Ultimately, the amount of discount you can get on a new car depends on your research, negotiation skills, and willingness to comparison shop. By doing your due diligence and being prepared, you can increase your chances of getting a great deal. As a rough estimate, you can expect to get anywhere from 5% to 15% off the sticker price, but this can vary widely based on the factors mentioned above.
